If the past three years have taught businesses anything, it\u2019s that their goals are virtually impossible to meet without technology. IT leadership, and specifically an organization\u2019s CIO, have been thrust into the spotlight as they embrace a rapidly evolving digital landscape.<\/p>\n
While there are always table stakes or core priorities a CIO must address on an ongoing basis \u2013 such as security and compliance \u2013 focusing on the execution of your IT strategy will be critical in 2023. This is particularly true as uncertainty continues to mount with the economy.<\/p>\n
For the next couple of years, CIOs will need to communicate a strategy<\/a> that effectively balances benefits, risks and spend. An IT strategy \u2013 which focuses on improving top and bottom lines \u2013 informs an organization not only on direction but how to get to the desired future state.<\/strong> A good IT strategy answers the basic questions: why, how and what, instead of creating tactics that don\u2019t tie back into market share, revenue or expenses. IT leaders must clearly articulate where the organization is today and effectively manage barriers that will keep the company from reaching its strategic goals.<\/p>\n Establishing a well-understood technology strategy<\/a> that provides the proper guidance and clarity will be key to your 2023 CIO strategy. This process will:<\/p>\n Once you have your IT strategy in place, a key priority is following up by executing on that strategy.<\/p>\n As technology projects, budgets and staffing grew over the last few years, the focus was on speed to market to maximize opportunity. Now, as the economic pendulum shifts to cost control, CIOs will have to find ways to continue achieving the same results but with less margin for error.<\/p>\n Though it may sound trite, the best advice for CIOs is to get back to basics. How well teams execute on their IT strategy will be key, and starting with the basics will ensure greater success. Here are four steps to take:<\/p>\n Execution is the final step in any action plan. Without it, your goals simply sit unaccomplished. As a CIO, not executing on IT strategy means the business will fail to achieve its goals, no matter how simple or complex. Focus on getting back to the basics to ensure you and your team are set up for success this year.<\/p>\n\n \n
Focus on Execution<\/h2>\n
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Strategize, Plan, Align, Execute<\/h2>\n